Which of the following options IS important when defining a time series?
A) There must be a very large number of data points
B) Data should not vary significantly from the mean
C) Data must cover more than a year
D) The time points used to record data must be uniform

Question

Quizplus · Accepted Answer

Uniform time points are crucial for defining a time series because they ensure consistency in the intervals at which data is collected, allowing for accurate analysis and forecasting. The other options are not strict requirements for a time series.

Which of the Following Options IS Important When Defining a Time